Down -24.08% in 4 Weeks, Here's Why You Should You Buy the Dip in Erasca (ERAS)
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Erasca (ERAS) has experienced a significant decline of 24.08% over the past four weeks, placing it in oversold territory. The selling pressure may have exhausted, and with Wall Street analysts raising earnings estimates, a trend reversal could be on the horizon.
January 17, 2025 | 3:45 pm
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Erasca (ERAS) has dropped 24.08% in the last four weeks, entering oversold territory. Analysts are raising earnings estimates, suggesting potential for a trend reversal.
The stock's significant decline suggests it is oversold, which often precedes a price rebound. Additionally, the consensus among analysts to raise earnings estimates indicates positive future performance, supporting a potential upward trend.
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